The Robinhood app falls again because the actions are routed on Wall St. – Newsdio


Investors who use the Robinhood trading application are blocked again as the application is inactive again.

The last interruption occurs one week after an interruption eliminated the application in what was one of the busiest business days of the year.

Following the interruption, the founders of Robinhood said they would compensate investors affected by the interruption on a case-by-case basis.

As we reported, Robinhood was offline from Monday at 6:30 a.m. Pacific until 11 p.m. Pacific, then had another interruption this morning from 6:30 a.m. Pacific until just before 9 a.m. Peaceful.

This is how the company is compensating users for the previous cut.

The $ 912 million-funded fintech giant said it would provide compensation to all customers of its Robinhood Gold premium subscription for borrowing money to trade more access to Morningstar research reports, Nasdaq data and larger instant deposits. It offers three months of service.

One month of Robinhood Gold costs $ 5 plus 5% annual interest on loans over $ 1,000, collected daily. Before a price change, the flat rate per month could reach $ 200. However, compensated users will only get $ 5 off per month, for a total of $ 15. That might seem unfortunately insufficient if users Robinhood missed the possibility of buying back shares like Apple that rose more than 9% on Monday. Robinhood calls it a "first step."

Affected Robinhood users can contact the company here to request compensation. Below you can see the email that Robinhood sent to customers last night.

This story is unfolding.


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